understanding financial jargon
Consent To Mortgage Form
Lenders require a 'Consent to mortgage form' to be completed by any occupier of the property in question aged 17 or over who is not party to the mortgage. The form waives any rights of residence that the third party might have, enabling the lender to obtain vacant possession in the event of default.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
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